Thai government approves 500bn baht investment budget to boost fiscal growth

[webfact]

 

Yesterday, the Thai government approved a massive investment budget of 500 billion baht dedicated to 46 state-owned enterprises for the fiscal year 2024, commencing this October. The substantial budget aims to stimulate the national economy and bolster fiscal growth.

 

Government spokesperson Chai Wacharonke detailed the budget allocation, stating that the funding includes 209 billion baht earmarked for ongoing and routine projects. Furthermore, an additional 50 billion baht will be disbursed within the fiscal year.

 

In a further breakdown, Chai noted that state enterprises classified as public companies and subsidiaries (totalling five) are set to receive 241 billion baht. These entities will also benefit from an extra 50 billion baht in expenditure during the year.

The overall budget allocation for achieving routine objectives comes to a whopping 1.38 trillion baht.

 

by Alex Morgan

Photo: Freepik

 

Full story: The Thaiger 2023-09-27

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

[retarius]

Why not give it to Thai Airlines and let them pee it all away?

[Sydebolle]

Thailand's tax income must be enormously better than anticipated by one and all - well done! 

[hotchilli]

6 hours ago, webfact said:

In a further breakdown, Chai noted that state enterprises classified as public companies and subsidiaries (totalling five) are set to receive 241 billion baht. These entities will also benefit from an extra 50 billion baht in expenditure during the year.

Identified as who?